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FOX Business
Jan 24, 2013 1:00pm EST
, requiring congress to not spend more than it makes, than it takes in in taxes. if you call taxation making money, but it can't spend more than it takes in. any traction on that? >> yeah. this is an idea, an old idea, whose time has timely come, and, you know, as polls show about 75% of all americans support this idea, most of the state legislatures operate the same way, and we need to do this because we need permanent structural spending reform so that we don't find ourselves back in the same position every six to 18 months in raising the debt limit. >> limit spending to 18% of the gross national product, 18%. right now, it's a rate of 23%. we're looking at some of the other things that you would do. you want a historical average of total federal receipts so congress is only run a deficit, increase taxes, or increase debt if agreed upon by a two-thirds vote. i like how it sounds, but it doesn't sound like you can get other politicians to agree to it? >> rome was not build in a day. it's in the a sell yet, but we have support in the senate for the idea of a balanced budget amendment. the la
CSPAN
Jan 25, 2013 6:00am EST
for many, many years both of the tax consistent with spending. and nobody ever put the debt ceiling or the u.s. willingness to pay its obligations on the table in the way it was placed in the summer of 2011, and the way here it is now being placed on the table again. it's a big mistake and 2011 to create this degree of uncertainty and fear in the u.s. and around the world and the big mistake to do it again today. >> why would any good thinking patriotic american want to use the debt ceiling as a vehicle to reduce spending rather than the other legislative opportunities it would have? what would the reason be? certain not to embarrass the united states of america. >> i have no idea, mr. rangel, but i can tell you that -- >> well, if you don't have any, then maybe it is the objectives of this president at whatever cost, some leaders our so-called leaders have said, that they want to stop this president and the were unsuccessful in that measure. so maybe, maybe they decided to change tactics and maybe this discussion is a necessary and we find some of the way to a handle on the deficit
FOX Business
Jan 20, 2013 10:00pm EST
jobs. without the income tax they were forced to limit the growth of their government. every state has prisons, schools but they find a way to fund those for less. those nine states gained population from other states, increase jobs four point* 9%. the other states declined. competition between neighboring states keeps them from indulging. new hampshire kept vermont politicians from going crazy. the exisnce of arizona and nevada teacher the california legislator from going crazy. they still do despite so many people moving. but it is good we have places like texas. smaller government meansfor com. bill see you monday. ♪ ♪ gerri: hello, everybody. i'm gerri willis. more taxpayer waste from the obama administration. you're not surprised. a new report says millions of dollars for great energy and the 2009 stimulus package went to foreign companies. with more on this and, senior political columnist for the washington examiner. it's great to see you again, as always. i mean, look at the dollars and sincere. 16 billion for the green energy program. one out of $4 went to foreign compa
PBS
Jan 22, 2013 6:30pm PST
netanyahu reelected. what's interesting a contentious talks on financial transactions. -- instituting a tax on financial transactions. >> we start with a celebration of a key strategic alliance between europe's two great economies, france and germany. they have been friends for 50 years. >> after centuries of conflict, they culminated in two world wars. speaking at a news conference in berlin, german chancellor angela merkel and french president francois hollande talking about that. >> they promised to unveil proposals in the coming months and it is a big step forward dr. became to power pledging to reverse the plans that merkel had championed. >> it is the first time these bundestag has had a full parliament from another country here. the french president, hollande, recalled the original spirit leading to the historic relationship. >> young people are not only our future but also the reason for the policies that we are pursuing. >> young people in both of our countries have the uncomfortable good fortune that they have never had to experience in it. but peace and democracy. >> he also addr
CNBC
Jan 22, 2013 9:00am EST
mickelson, why is he paying 62%, 63% tax? >> i like the nike add. >> all that, plus the opening bell in just a moment. [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ >>> you're watching cnbc "squawk on the street" live from the financial capital of the world. the opening bell is going to ring in a little less than 90 seconds. a busy week. everything from apple to microsoft to bristol-myers reporting earnings. we talked about some of the highlights. also, davos happening. you never know what could come from the other side of the planet. >> a lot of hitters there. periodically getting a new story. we have maria over there, and steve liesman, i mean, it's really -- we're bringing out the big guns. we've got
CNN
Jan 27, 2013 12:00pm PST
tax filing day, but the date by which congress has promised to adopt a budget resolution. they've even this time staked their pay on it, agreeing to reach a deal or face suspension of their paychecks until they reach a deal. that might just be enough of a carrot to present a budget that takes on our ballooning deficit. but the battle over that deficit make that recent battle over tax hikes for the rich seem like a friendly game of badminton. big spending cuts are needed and they will hit americans where it hurts. health care, medicare, social security. president obama emboldened by his re-election has already drawn his so-called line in the sand. now, republicans have to be the proverbial. come to the proverbial table. perhaps the most powerful republican in washington eric cantor from virginia says he and his fellow republican congressman will have a plan and they are ready to deal. >> i think it's important that we be here as members of the u.s. congress, the six of us who are here really interested in the discussion about the global economy. obviously, the u.s. economy is still a gl
CSPAN
Jan 24, 2013 9:00am EST
an outdated and anticompetitive tax code, and to streamline government bureaucracies that are literally suffering job creation. they have done their jobs while senate democrats have tried to keep their priorities secret. now, we know senate democrats don't like the house budgets, and we know they don't even support the president's budgets, at least not with their votes. what we haven't known for nearly four years is what they're for, because they have refused to put their plans for the country down on paper and actually vote for them. now it's my hope that the democratic sudden interest in passing a budget isn't just another attempt to actually raise taxes. as i've said repeatedly, we're done with the revenue issue. the president has already said that the so-called rich are now paying their -- quote -- "fair share" -- end quote, and of course middle-class families are already on the hook for new taxes as a result of obamacare. so the question is who would be in the firing line this time? and at what cost? look, struggling families shouldn't have to pick up the tab again for washington'
FOX Business
Jan 22, 2013 1:00pm EST
leaving the state of california and there are better ways to raise revenue. one is by broadening our tax base by encouraging businesses to come to the state of california and expand here. that will solve our problems of increasing revenue. melissa: you talk about that the way you would encourage businesses to come would be to lower their tax rate. so, you know, it is quite the opposite of raising it. do you think you could ever get that done in california's current climate? >> not in our current climate we are not going to get it done. we need to cut government regulations. we need to give businesses incentives to be here. that in turn would bring revenue. melissa: you know it does not work for me right now, i will have to make some changes. i ventured prosperity in that. races on income over $1 million. it used to be 10.3%. for him, that is $1.8 million. he made $60 million. that tax is making a big difference for him. nebraska governor has talked about eliminating the personal income tax and corporate income tax. do you think that those kinds of states will starts stealing valuable inc
FOX News
Jan 23, 2013 3:00am PST
. france's latest tax hike so high, even former president nicolas sarkozy might say au revoir. stuart varney joins us live. live. we'll be right back. hi, i'm phil mickelson. i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. enbrel may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, nervous system and blood disorders, and allergic reactions have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region you should not start enbrel if you have an infection like the flu tell your doctor if you're prone to infections, haveuts or sores, have had hepatitis b, have been treated for heart failure, or if you have symptoms such as persistent fever, bruising, bleeding,
CSPAN
Jan 28, 2013 12:00pm EST
finance minister started an initiative on this that this year g8 will look at tax evasion and tax fraud. i think it's enormously important issue, and i think the regulation on the shadow banking system, um, also needs to play a very important role for the russia meeting for the g20. we have quite a lot of regulation for our banks, basel iii comes to mind here. here, actually, we have to be vigilant that the lending capacity that is to boost, after all, economic growth doesn't get too contained, too limited, and i can only hope and join our partners in the united states to introdiscuss deuce this -- introduce this as well, otherwise a new imbalance here. through better regulation of banks, the capital that they need to the capital reserves that they need to have, we also see moral hazard in the sense that people increasingly seem to fly into the shadows of shadow banking. we were at one in saying when we agreed this at the g20 and the thought that every financial instrument, um, every financial be product, every financial market needs to be placed in regulation. we are very far from that. i
CNBC
Jan 24, 2013 6:00am EST
of potentially getting out of the eurozone. today, he took a different tactic. we talked about not raising tax rates, but as corporations around the world both affecting issues in the uk and elsewhere are becoming a real issue. i want you to take a look at this piece. >> individuals and bess must pay their fair var. and businesses who think they can carry on, they can keep selling to the uk, and selling uk tax arrangements are for you to wake up and sell the company. >> that comment, by the way, about coffee is actually about starbucks which has created some problems because they've been avoiding taxes in the uk. but take a look at this quote right here. david cameron not making friends. labor mp dennis skinner says it was gruesome for the prime minister to be heading out of austerity-riddled britain to wine and dine at davos with 50 top bankser who helped create the economic crash several hundred tax avoiding milliona e millionaires. >> a lot of people talk today about a report. there was a report earlier this morning that mr. oh lund discovered averting. in total, the report was said to be
CNBC
Jan 28, 2013 4:00am EST
-- there are promises in election campaigns that some taxes might be lightened a little bit. but on the whole, italy has no skill for a fiscal expansion. so at the moment, they're going to have to button down, keep spending heightened and keep things right. >> do you think italy is in a better position? >> in the short-term, spain has a more stable government. that's becoming unpopular, but at the moment, there's no threat to the majority of the popular party in spain. >> italy, we have an election coming up and anything could happen. we have a lot of strange things going on. there is a party which is looking like it will get around 15 cents a vote run by a former comedian. there's no clear political agenda, as well. there is a lot of political instability, but i think the long-term economic picture is in less trouble because it has much lower overall debt limits than spain combined. >> and how times have changed on that front. thanks very much for your time this morning. >> thank you. >>> growing market optimism fueled by a string of upbeat earnings has put equity markets on stronger footing. but u.s.
FOX Business
Jan 24, 2013 11:00am EST
you have to say? stuart: we also agree on taxes. >> we should have a free enterprise, free market system. stuart: why are you such a supporter of the most leftist president in american history? >> it is not just a chief financial officer, it is a leader of our nation. he has no peers when it comes to any other candidate on the republican side or any other republican sitting in the senate. we are out of time. connell: good morning, everyone. i am connell mcshane. dagen: i am dagen mcdowell. things are looking up on the jobs front. connell: monica crowley. dagen: dreamliner, the troubles have not gone away for boeing. michael dell has ordered one of them. connell: then there is jamie dimon and john chambers. you will be hearing from both of them in this hour. liz claman at the world economic forum. cheryl: stocks now and every 15 minutes. apple. nicole: i will show you apple in a moment. the dow, the s&p are doing quite well. five-year highs. highs that we have not seen since 2007. the tech heavy nasdaq, apple weighing on the nasdaq. are we almost at 14,000? we cannot believe it. wh
MSNBC
Jan 28, 2013 3:00am PST
to stand out in a crowd, whether it's on taxes or regulations or in the past on immigration, you were completely shunned from the party. finally there's an understanding we've got to grow the party. what we've been saying for quite frankly for years and getting attacked, we want colin powell on our side. we want moderate republicans on our side. if we're going to be the majority party again, we've got to spend the party. >> are you saying they're pushing her out of the spotlight as part of making the stupid party less stupid? >> what i'm saying is that sarah palin represented a time and place in american politics. and not 2008 so much as 2010. and that time is passing us very quickly. and party leaders are finally understanding that. you know, roger els, i brought up richard haass, roger els before. roger els saw this coming well before the 2012 election. he had realized what had gone wrong. not only at his network but also in the conservative movement of the republican party. that's why he was running out and talking to chris christie saying, get in this race. you can save this party
CNBC
Jan 21, 2013 4:00am EST
. so more invasionive in terms of taxes, which clearly is happening. and less alienled on whgned on about it. should government tax harder or should spending be cut harder? not only is there no agreement, but the democrats now are saying, listen, forget the debt ceiling. let's get rid of that silly little thing. but do we actually need a budget? >> so we're learning that we may finally get a budget for the first time in what, three years? significant, though, because these are just templates. >> i great, they are templates. but letting go at a time when the debt is compounding is worrying. however, having said that, you can get worried about that as a market participant, but as long as the federal reserve has open ended quantitative easing, nothing is going to happen from the long end. >> from a market point of view, we were talking about allen capper about this last hour. but from a market point of view, the best outcome is something that lowers the long-term debt outcome. but we keep get ago worsening of the long-term debt profile and a hit to the near term. that is a mix that
CNBC
Jan 22, 2013 4:00am EST
reforms, they're talking about tax reforms, as well. this will be a multi layered process and hopefully they'll be in power long enough to deliver some of those changes. i think the market was expecting for the bank of japan to come in .deliver everything that was going to solve all of japan's problems after decades of recession, then they were probably misguided. but for the moment, the reaction we're getting from people who were watching japan is they probably took as many steps as they could today to try and address this decision. >> kaori, stay with us. ed, welcome. you just heard a little bit of the back and forth. what's your own opinion here on what the boj has or hasn't delivered? >> good morning. thanks very much for having me on the show. my opinion is i completely agree with everything kaori said. even more than that, i would say to the viewing audience, look, this is the cramer moment for japan where you bring out the bells and the whistles and you toot the horn and you tweet and you pound the table and you run around the room saying buy, buy, buy. the framework is now in pl
FOX News
Jan 24, 2013 3:00pm PST
's aides note the president warned the speaker if he didn't agree to tax increases and a long-term hi ceiling, the president would campaign against him for the next two years, charging he caused another recession. which is why boehner's aides say anailiation is the right word. >> bret: ed henry live on the north lawn. thank you. what do republicans plan to do about it? chief political correspondent carl cameron is in charlotte where the g.o.p. is holding the first big conference since the election. good evening, carl. well, the plan to avoid political annihilation that wants to impose on them is the plan to come back from election defeat. they lost big with minorities. according to the blacks and asians, dominant theme here. >> trying to connect with the voters. the biggest thing is how do we have the right message at the right tactic to connect in the long-term to the voters, and increase their involvement. >> rnc is doing a major autopsy on 2019 and issue a report in march. so far they have been brutally candid about their mistakes. particularly the failure to compete with digital c
CSPAN
Jan 24, 2013 11:00pm EST
during the years of planning. when famine came. the people have given us seven years of extra taxes. but i saw the wisdom adjusted, pay down our guests and stories receipts against the leaner times that will surely follow. in the midst of the great depression, franklin roosevelt said there's a mysterious cycle in human events. to some generations much is given. of others, much is expected. this generation has a rendezvous with destiny. we write in california have a rendezvous with destiny. around spc data and skepticism about about her future of america. but we have accomplished together all the people in assuming that you'll accomplish coming up. indeed the whole history of california belies such pessimism. i wonder how california began. in 1769 under king charles the third, orders were issued to dekalb ace, occupy important sites, san diego monterey for the crown of spain. his brave men made their way slowly north along an unchartered pass. eventually they reached moderate, could recognize that they had identified him as supplies failing, they marched san diego. for us to eat the
FOX News
Jan 24, 2013 6:00am PST
mickelson after he said high taxes might chase him out of his home state of california. why one of the world's highest paid athletes is now why he is saying he is sorry? bill: man, have you been outside? it is epic cold. this is gripping most of the country. windchill readings falling to 30 below. if you live there, you know how cold it is. that is chick -- chicago screen left. how can avoid being outside. martha: good idea. >> keep moving. layers. i have on like three layers. if i need to i take something off, put something on as need be. i used to say the summer was worse but now i want to say the winter. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. bill: mitt romney heads to washington, d.c.. two of his former aides saying the former republican presidential nominee and his wife ann will be in the nation's capitol, make that friday, for a luncheon in their honor. friday is the luncheon. the forme
WHUT
Jan 28, 2013 8:30am EST
. in some countries this was due to bad fiscal behavior, too much spending, too little taxes like in greece, but in other parts of the eurozone, like spain or ireland, the problem was that there was a bubble in real estate and housing. when the bubble burst, the countries went into a recession. when there is a recession your deficit increase, then you have to bail out banks, financial institutions, and the private losses get socialized. it happened in the u.s. and then you have a surge of public debt. >> these bubbles, either in government spending or in the banks or in the property sector, were essentially fueled by what tends to always drive crises in human history, which is hubris and excess. >> the crisis laid bare the fiscal health of e.u. member states and germany was one of the few nations who had been acting responsibly. >> they had a series of reforms in germany that held down wages very substantially relative to productivity and that made german goods cheaper, more competitive on the world markets. they were not doing that in greece and ireland and in portugal, and even in france
FOX News
Jan 22, 2013 8:00am PST
on sunday shows looks like the senate might come up with a budget resolution. it includes tax increases. is that the way to solve this thing. >> no, tax increases are not going to solve our problem. ultimately what we have not a revenue problem or a tax problem although our tax code is bloated and distorted and not necessarily complex. we're not going to solve this problem through additional revenue, we'll solve it by change the way we spend money. jon: senator lee. wish you well. it would be interested to see if the balanced budget amendment makes it through this time. i have my doubts. but again, thanks for joining us today. >> thank you. >> something you probably have in your medicine cabinet right now could be a real danger to your eyesight. the brand new study linking a common painkiller to an increased risk of blindness that is coming up next. >>> plus israelis heading to the polls today. will benjamin netanyahu win another term and how the election results for our closest ally in the middle east could affect the region. >> plus what it means for an impending showdown with iran. w
CSPAN
Jan 23, 2013 7:30am EST
investors to build roads, the olympic facilities, et cetera. at the same time tax evasion and tax cuts for the rich did not allow, did not allow us to have a balanced budget all previous years. and so, therefore, when the markets crash in 2008 both spain and greece were heading on the road towards disaster. in spain, just like in ireland, the housing market crashed, prices still, people ended up with homes that were worth less than their loans. many people went bankrupt. when banks started having problems, the government intervened and took on its debts in this way, both banks and government went bankrupt. increase, the government directly went bankrupt because it was the one that had borrowed to a very high degree after words. the governments that had lent money to the state also went bankrupt. and afterwards investors themselves went bankrupt. very soon if the entire country had gone bankrupt. due to the structure of the euro zone where countries without a central bank behind them needed -- bailout of the banks and where the banks needed to continue lending money to bankrupt states,
MSNBC
Jan 25, 2013 4:00pm EST
of the electorate behind them. >> very briefly, jared, if you can, eric cantor says taxes are done, no taxes, so i guess another stalemate to come on that? >> i see -- it's hard to see how the budget that's going to come out of the senate, and i think patty murray is going to do a very good job on that, is going to reconcile with the kind of budgets we're looking at. >> jared bernstein who absolutely deserves the nobel peace prize, thank you, sir, thank you for joining us. and we'll be right back. ♪ alright, let's go. ♪ shimmy, shimmy chocolate. ♪ shimmy, shimmy chocolate. ♪ we, we chocolate cross over. ♪ yeah, we chocolate cross over. ♪ [ male announcer ] introducing fiber one 80 calorie chocolate cereal. ♪ chocolate. 80 calorie chocolate cereal. did you just turn your ringer off so no one would interrupt and.us?one. oh no, i... just used my geico app to get a tow truck. it's gonna be 30 minutes. oh, so that means that we won't be stuck up here, for hours, with nothing to do. oh i get it, you wanna pass the time, huh. (holds up phone) fruit ninja!!! emergency roadside assistance. ju
CNBC
Jan 23, 2013 9:00am EST
near fiscal consolidations in the united states. concerns about like the sequester, entitlement and tax reform. policy action must urgently address the risks in the u.s. the key imf forecast headline numbers, 2% growth for the u.s. in 2013, rising above trend in the second half of the year. the forecast for europe, that area revised downward. expected to contract by .2 of a percent in 2013, rather than expanding by a modest .1% back in the forecast in october. no downgrade of growth in japan, despite renewed recession there. forecasts still for 1.2% growth in 2013. and finally, the prescription for china, sustaining a rapid growth, progress on market oriented and structural forms there and more emphasis on private consumption inside china. back to you guys. >> hampton pearson, thank you. >>> google shares up sharply this morning after the company beat estimates in the earnings, setting a surge in ad sales profit. both gentlemen this morning have raised price targets on google. you raised your rating to $900 a share. the price target, that is. you've got a buy rating on the stock. in ter
CNBC
Jan 24, 2013 4:00am EST
of opportunities. but both of those are outside the u.s. so we're assuming that the tax laws are not going to change. we're basically going to put our money to work in places like canada, the uk, israel, russia and asia where they're going to get a return and where we want it. >> that is a change and that starts spreading out, does that mean the rate of pick up in dividend payments and shares -- >> no, we committed to our shareholders 50% of our cash flow we will pay back on them, either in the form of dividends or share buybacks. but i think the key things to take away from davos is we're becoming the innovative leader and many of the concepts appear to be paying out very well for us. >> so what makes more sense for you right now, dividends, increase or a buyback? >> we're going to poll our shareholders. we've committed to giving you 50% back. >> thank you for join onning the program. >> we so appreciate it. >> thank you. now, look, we were going to talk about this but while we've got maria here, derek jeter, right? >> yes. he came to see me at dinner last night. i was talking about when
PBS
Jan 24, 2013 6:30pm PST
taxes. >> two very different approaches, but which went down better at davos? our correspondent has more. >> angela merkel can be joyful and comical. today, she was not. she was serious while cameron was casual, full of british humor, selling himself and his country, he even got applause during his speech, and although most people here criticized sharply his plans for a referendum, he did not say a lot about this topic today. he sold it as his duty to deliver the referendum to the british citizens. in contrast, angela merkel did not try to be entertaining. she emphasized the common interests of britain and the european union, like structural reforms, free trade agreement with the united states, and make europe more competitive, obviously trying to deal with a new conflict as coolly as possible, a strategy that has brought her a lot of success in the last years. thursday was the day of cameron and merkel. now everybody is heading to one of the numerous parties if they have enough energy, and tomorrow, we will continue the discussion over the role of the central bank's -- banks now and in
CBS
Jan 22, 2013 6:00am PST
democrats view a budget vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity. in our budget that we will pass we'll have tax reform, which many colleagues like but it will include revenues. >> reporter: the house is expected to approve the debt limit increase tomorrow. susan mcginnis, cbs news, washington. >>> today is the 40th anniversary of the supreme court ruling that legalized abortion. in 1973 the roe v. wade decision said a woman has the right to abort a pregnancy setting off a national debate. today a pro choice group will hold a rally and walk in los altos, a demonstration against female enslavement at city hall in san francisco. >> three americans were killed in the algeria, seven others made it out alive. the militants offered to release two of the americans who died in exchange for the freedom of two prominent terror suspects behind bars in the u.s. the obama administration rejected that offer. >>> at least one person is dead from an earthquake that hit western indonesia this morning, i
WHUT
Jan 22, 2013 7:00am EST
. and people can hide there, essentially. if they need to. and mount a tax on population centers. so when the whole of the northern part of marli early last year to a group of dis pretties and infamous rebels, and well-organized people militarily, and got together to do it, not only is it governored, it's governored by people who want to do harm to some of the western interests. so that's why the french inter -- >> mark, we leave you there. thank you very much. apologies for the slight problem in the sound. but fantastic to have mark there in marli. well, as we heard from aaron, the global unemployment picture is a bleak one with fears of more job cuts and increasing numbers of people are coming to terms with years of livering with austerity. our correspondents have been to germany where thousands of migrant workers have left behind their old lives in a future away from home. >> they flew in from the sunny skies of spain to a cold winter in germany. today, five more nurses. all of them have jobs lined up here. all of them are going to have to learn german fast. >> why have you come here?
CNBC
Jan 28, 2013 6:00am EST
are? this does include taxes, and it is a hotel. but it doesn't include your mortgage. you're paying $95 million. and then what do you pay -- >> during the commercial break i guessed 17 grand a month. >> i would like to raise that -- >> 17 grand a month? >> to 55 grand a month. >> very close. 60,000 a month in monthly maintenance fees. now that does include twice -- it includes maid service and a spa and some other things. so you're paying $95 million and then you're paying $60,000 a month in maintenance. but we bring you through all kind of apartments tonight. $160 million worth of real estate in new york. >> are these places back? i mean for awhile things crashed and nobody could afford these places. are they really back? because we still talk about how on wall street those pay packages are coming back. >> that's what everyone was saying a year ago, two years ago. two things happened. one is foreign money. i mean one of the great things about this show tonight is we bring you through with a russian buyer as he's in central park west. the russians, the chinese, the latins, especiall
CSPAN
Jan 28, 2013 7:00am EST
running the country. policymakers who believe in structural reforms, privatization, tax reforms, budget cuts, labor mobility, and they need to be competitive both internally and externally. if you don't have, if you don't have plans like that you will not get them back to growth anytime soon. so it's very, very important that you do that. seven, the point is the private sector. and i think this is a problem. because at the beginning there was no interest in the case of greece and some of these other countries involved in the private sector. and, in fact, it was a when things got so bad that greece called upon the private sector with the european union. the european central bank and the international monetary fund, to really get the private sector involved. and there you had a big haircut that could've been dealt with earlier. it would have been as bad and now they just have to do another debt buyback problem, operation, which is still a problem. so i think the idea getting the private sector involved early on, and we show this both in latin america and asia, the asian financial crisis.
CNBC
Jan 23, 2013 6:00am EST
and taxes to sustain an aging population if young kids are not trained in productive jobs? >> a huge issue. joe kernen's got a question. >> hi, joe. >> bob, what's going on? good to see you. we've got -- wow, you're getting kind of uppity. we've got to go all the way to switzerland to get you to come on the show now. >> it's always a pleasure to come on your show. >> a good friend, jack welch, i listen to what he says as basically gospel. but not everyone does. he tweeted recently about the inaugural speech and said no mention of economic growth or things to spur economic growth. no mention really of jobs and the unemployment rate. as the under secretary of the treasury for growth, when do you actually kick in to action? you can probably coast because we probably won't see any for a while with the latest policy. but do you get called into action when there is the prospect for some growth, or when do you actually start working on that? >> well, i think there's going to be growth. i think, in fact, growth's beginning to pick up in the u.s. economy. i think the energy revolution in the u.s. w
CNBC
Jan 28, 2013 9:00am EST
take to take advantage of tax breaks. that will be popular and concern they have an exceptional threat to the republic of ireland if that blew up and the big day to this week is pmi's coming out of italy and spain. always forward-looking indicator where we might be going with the economy. could it be we have greater stability than we thought. that would be great. >> and we have numbers of our own. let's get a check on energy and commodities. good morning, sharon. >> good morning. we're looking at gasoline futures the leader, highs of the session up about 6 cents or so on the heels of hess announcing it is closing its refinery in new jersey. it prods 10,000 or i should say 50,000 barrels a day of gasol e gasoline, a small refinery compared to others but also key for the snoerk harbor area and why we're seeing an impact on the nymex crack. drivers are likely to see an increase and we could see 5-10% price jump in the new york area and along the east coast. we're watching what's happening with natural gas. it's fallen off a cliff due to we're looking at warmer temperatures and a two week
CSPAN
Jan 27, 2013 2:00pm EST
-- in 2025, according to the congressional budget office, every dollar of taxes we collect will go to pay for medicare, medicaid, social security and interest on the debt, and there is nothing left for national defense, national laboratories, pell grants for education, highways, every other thing, the investments that we need to make in research to grow this country, it all gs for medicare, medicare, social security and the debt. every single penny we collect, and that's only 12 years away. now, that's not me talking. that's the congressional budget office saying that. the medicare trustees have told us, the medicare trustees have said that in 12 years, the medicare program won't have enough money to pay its bills. now, whose bills? bills of seniors, bills of tennesseans who have been -- who are some, many are literal counting the days until they are old enough to be eligible for medicare so they can have some way to pay their medical bills. it would be a tragedy if that day arrived and there wasn't enough money to pay the bills, but the medicare trustees who by law are supposed to tell u
CNBC
Jan 24, 2013 3:00pm EST
, you know, from a corporate perspective, we'd love to see something done on the corporate tax rate here in the u.s. love to keep more jobs here. just got to find a way to solve that problem. >> how does obama care and the health reform affect you as a company? >> well, certainly it provides re people will be covered by prescriptions. that's great news for the entire pharmaceutical space. for our particular company, we don't focus so much on continuous care medicines. we generally focus on women's health, those kind of issues so for us not as great but for other pharmaceutical companies great opportunity. >> we'll let you go. they will be anxious to get you up to the balcony so you can ring the closing bell. your logo is green. why didn't you wear green? >> i wore green for him. >> you're australian? >> yeah, i'm starting to forget it. >> no idea. >> we're about to enjoy the close with 20 minute to go here, and the market is continuing to levitate a bit. >> absolutely. still marching closer and closer to a all-time high. really driving this rally? is it fundamentals or just the fed's eas
CNBC
Jan 23, 2013 4:00am EST
that it's gaining more traction, right? >> it is. and you've got a financial tax being talked about in the u.k. >> yes. >> all sorts of different pressures on the -- in the -- facing banks now. and this is certainly not going to away any time soon. >> who's going to join us? >> right now we're going to talk to david rubenstein, the carlisle group. we'll talk about private equity. private equity has also been under attack in some ways. what i would like to know from david rubenstein is how they're allocating capital now. >> yeah. >> how do you make money in this environment, and is private equity expecting the kind of regulation that the big banks are going to face? >> and bmp -- >> yeah, coe. >> will join us. plenty more to come here in davos. kelly, meanwhile, we'll hand it back to you. we'll continue wheile hand it back to you. >>> we'll look at markets. futures gearing up for the trading session. a couple of fascinating stats, the down for three straight trading days, eight out of the last nine. five straight for the s&p 500. five-year highs for this index. we look at futures thi
CNN
Jan 25, 2013 11:00am PST
this in two buckets. one bucket is reducing costs. the other bucket is increasing taxes. if you think you can get this all done, to the amount we have to do with, let's say, a ten-year program, you're going to have to dig very deep. we need a third bucket and it is sitting right there and we should use it. it is energy. fracking, for example, has created 1.75 million jobs. billions and billions of dollars going to the states and federal coffers. we have more energy than anybody in the world and if we, in an environmentally friendly way, acquire it, go on the federal lands, do it in the right way, we'll get that extra piece of cash, and bring manufacturing and jobs back to the united states or create them in the united states because of our energy. >> the last four years of the obama presidency was marred by not great relationships between the business community and the administration. you are one of the key faces of the business community. have you reached out to the president or has he reached out to you since his election to say let's make this four years look very different? >> just rememb
CSPAN
Jan 24, 2013 5:00pm EST
the advice of years of plenty. when famine came, egypt wasthe people have given us seven years of extra taxes. let us follow the wisdom of joseph, pay down our debts and store up reserves against the leaner times that will surely come. in the midst of the great depression, franklin roosevelt said -- "there is a mysterious cycle in human events. to some generations much is given. of other generations much is expected. this generation has a rendezvous with destiny." we --right here in california-- have such a rendezvous withall around us we see doubt and skepticism about our future andbut what we have accomplished together these last two years, pessimism. orders were issued to jose de monterey for god and the king of spain. gaspar portola and a small band of brave men made their way slowly north, along an recognize the bay in the denseundaunted, portola sent for along what was to become el camino real, the kings highway. this time, father serra joined the rest is history, a with even greater success. of gold, the coming of the hundreds of thousands. land grant colleges, followed by the founding
ABC
Jan 24, 2013 7:00am PST
5. ♪ ♪ ♪ just add water. the everyday collection. by target. she said, "i haven't done my taxes for a few years." call. what's a few? she said, "i think it's eight." she showed up with four file boxes of paperwork. "here, take my stuff and figure it out." i will do that for you. it's a mental challenge. it's a puzzle. but getting you the maximum refund- that's what i'm here for. bring it on. >> abc7 news, good morning, i am eric thomas. the dove brown will deliver the state of the straight address if a little more than an hour. he says the economy is rebounding and is expected to lay out an ambitious and optimistic agenda. well carry the speech live on abc7 and stream it live on abc7news.com starting at 9:00. right now, mike has the forecast. >> the system to the south of live doppler 7 hd is starting to unwind. that mean we will have clouds and upper 30's to low 60's before the next chan of storms later this afternoon. after that, we get a break tomorrow. sue? >> heavy traffic. we have an early accident off on the shoulder but it is slow moving past lucas valley road and north
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